Rising Rate Winners and Losers

Northern Trust shows which stocks and bonds are most and least sensitive to interest-rate moves.

(Editor's Note: McDonald is chief investment strategist with Northern Trust. A longer version of this article, along with charts, is available on the Northern Trust Website.)

The recent backup in interest rates has highlighted the interest rate sensitivity of many asset classes, and is leading some investors to re-examine their interest rate risk. While we are fairly sanguine on the outlook for interest rates over the next several...